TN PETRÓLEO

Anzon Energy Limited said Friday that in 2007, it is anticipated that a portfolio of assets will be established to supplement the Australian and Indonesian assets.

The company said it is pursuing a number of exploration and exploitation opportunities. In particular, it is focusing on ventures where the prospects have considerable technical merit. Areas of focus being South-East Asia, the Middle East, North and West Africa.

The company said that Anzon Australia is currently experiencing an improved level of production since the initial vibration problems experienced with the compressor were solved.

Anzon Australia is now installing some additional equipment on the compressor to enhance its gas handling capacity.

The equipment installation is being implemented on site offshore and Anzon Australia will be able to test its impact during the first two weeks of June 2007. Until that testing is completed Anzon Australia is indicating that the long term average production rate from its operation will be of the order of 14,000 bopd after allowing for the impact of equipment downtime, shipping/trading and weather.

The company said its Indonesian operations have been disappointing both in an exploration and production sense. The drilling programme for 2007 is now under review as the Company looks to determine how best to maximise our investment in Indonesia.

Anzon said that during the 2006 year, it successfully raised GBP40 million through the issue of a combination of convertible notes and bonds from RAK Petroleum PCL known as Ras al Khaimah Petroleum. This funding will provide the Company with the ability to grow its asset portfolio to supplement its Australian and Indonesian assets.

The company said all resolutions put to the Company`s Annual General Meeting Friday, May 25, 2007, were passed on a show of hands as ordinary resolutions.